2020 has been brutal for many retail real estate owners. But their prospects next year and beyond may be better than investors think.
News & Analysis: Pennsylvania REIT
The COVID-19 pandemic continues to take a toll on U.S. mall owners.
Most of PREIT's lenders have agreed to an out-of-court debt restructuring plan that would buy time for the REIT to recover from the COVID-19 pandemic.
Pennsylvania Real Estate Investment Trust and Washington Prime Group both struggled to collect rent last quarter because of the impact of the COVID-19 pandemic.
PEI earnings call for the period ending June 30, 2020.
What a difference a day makes on Wall Street, as investors seemingly change their minds on the prospects of a mall recovery.
The market was in a good mood, taking the mall REITs along with it. There's a very good reason for that, and for not getting too upbeat.
PEI earnings call for the period ending March 31, 2020.
The market got a booster shot of good news, but it could be really good for mall owners like Simon.
The pain started with Tanger, but quickly spread to the entire mall REIT sector. Investors are still absorbing earnings.